Expeditors International of Washington (NASDAQ:EXPD) Price Target Lowered to $117.00 at Stifel Nicolaus

Expeditors International of Washington (NASDAQ:EXPD) had its price objective reduced by Stifel Nicolaus from $122.00 to $117.00 in a research note released on Thursday morning,Benzinga reports. They currently have a hold rating on the transportation company’s stock.

Other equities research analysts have also recently issued research reports about the stock. TD Cowen lifted their price objective on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research report on Wednesday, November 6th. Bank of America reduced their price target on shares of Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Barclays increased their price objective on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Finally, Wolfe Research cut Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. Four investment analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat.com, Expeditors International of Washington presently has an average rating of “Hold” and an average target price of $117.44.

Expeditors International of Washington Price Performance

Shares of EXPD stock opened at $114.27 on Thursday. The company has a market capitalization of $16.00 billion, a price-to-earnings ratio of 22.28, a PEG ratio of 3.82 and a beta of 0.99. The company’s fifty day moving average price is $115.47 and its 200-day moving average price is $119.67. Expeditors International of Washington has a one year low of $108.36 and a one year high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 EPS for the quarter, beating the consensus estimate of $1.33 by $0.30. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The business had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.47 billion. During the same period in the previous year, the business earned $1.16 earnings per share. The business’s revenue was up 37.0% on a year-over-year basis. Equities research analysts expect that Expeditors International of Washington will post 5.47 earnings per share for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The business also recently announced a semi-annual dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a dividend of $0.73 per share. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend was Monday, December 2nd. Expeditors International of Washington’s dividend payout ratio is currently 28.46%.

Insider Buying and Selling

In related news, Director Robert Paul Carlile sold 3,000 shares of the stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total value of $363,330.00. Following the sale, the director now directly owns 9,662 shares of the company’s stock, valued at $1,170,164.82. This represents a 23.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.69% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of EXPD. Boomfish Wealth Group LLC grew its position in Expeditors International of Washington by 4.4% in the 4th quarter. Boomfish Wealth Group LLC now owns 18,846 shares of the transportation company’s stock valued at $2,088,000 after acquiring an additional 794 shares during the last quarter. OLD National Bancorp IN boosted its stake in shares of Expeditors International of Washington by 5.3% during the fourth quarter. OLD National Bancorp IN now owns 2,234 shares of the transportation company’s stock valued at $247,000 after purchasing an additional 113 shares during the period. Busey Bank grew its holdings in shares of Expeditors International of Washington by 3.3% in the fourth quarter. Busey Bank now owns 96,659 shares of the transportation company’s stock worth $10,707,000 after purchasing an additional 3,046 shares during the last quarter. Drystone LLC purchased a new position in Expeditors International of Washington in the 4th quarter worth about $5,925,000. Finally, Franklin Parlapiano Turner & Welch LLC lifted its holdings in Expeditors International of Washington by 1.2% during the 4th quarter. Franklin Parlapiano Turner & Welch LLC now owns 66,792 shares of the transportation company’s stock valued at $7,398,000 after buying an additional 785 shares in the last quarter. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, import, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.